SABIC launches innovation hub

INNOVATIVE: Prince Saud bin Abdullah bin Thenayan Al-Saud, SABIC’s chairman, right, presents a memento to Riyadh Gov. Prince Faisal bin Bandar at the inauguration of SABIC’s Home of Innovation facility in Riyadh on Wednesday.
Updated 28 May 2016
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SABIC launches innovation hub

RIYADH: Saudi Basic Industries Corporation (SABIC) has launched an innovation hub that would develop downstream businesses in the petrochemical industry and help build new energy-saving
smart homes.

Prince Saud bin Abdullah bin Thenayan Al-Saud, SABIC’s chairman, said Wednesday at the launch that the Home of Innovation will be a regional hub for developing and showcasing innovative economic solutions.
Riyadh Gov. Prince Faisal bin Bandar opened the evening event in the presence of Yousef Al-Benyan, SABIC’s vice chairman and chief executive officer, senior government officials, business leaders, company executives, and media representatives.
The SABIC Home of Innovation is an initiative “to promote economic growth and technical innovation in Saudi Arabia. It is designed to foster collaboration with other leading companies and target opportunities that address regional and local challenges,” the company said.
“The initiative supports both SABIC’s 2025 strategy and Saudi Arabia’s 2030 Vision by generating business to promote local downstream industry growth toward a diverse and sustainable economy,” it said on its website.
The Home of Innovation is built on an area of 3,400 square meters in Riyadh’s Techno Valley. It comprises three buildings designed to support the initiative’s goals, including the Collaboration Center, the Technology Showcase, and the Demonstration House, in addition to meeting halls and administration offices.
“The Kingdom is moving ahead with its development journey, aiming to diversify its resources, and leverage its capabilities. SABIC will move at a steady pace toward achieving its 2025 strategy,” the prince said.
“SABIC continues to build talent that is capable of dealing with all business challenges, through furthering the role of the SABIC Academy. We believe the creativity, flexibility and talent of our human resources will allow us to continue discovering new opportunities,” he said.
Outlining the unique features of the Demonstration House found within the Home of Innovation, Al-Benyan said he was hopeful that the construction industry would adopt the high-performance principles and practices from the Demonstration House to develop more sustainable home building in the Kingdom.
“It is our hope that it will inspire and lead the construction industry to incorporate its innovative yet proven technologies, materials, products and systems toward improving building performance.
“It is a place where partners, thought leaders, end-users, specifiers, converters, investors and government officials can come together to experience the high-performance Demonstration Home and do business.”
At a press conference before the inaugural ceremony, Awadh Al-Maker, SABIC’s executive vice president, technology and innovation, said: “The Home of Innovation will foster collaboration among industry-leading companies, the government agencies in the Kingdom, academia, investors, and others interested in the sustainable economic future of the Kingdom and Middle East.”


Muslim World League signs deal with Moscow to promote interfaith dialogue

Updated 22 April 2019
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Muslim World League signs deal with Moscow to promote interfaith dialogue

  • Al-Issa lauds Russian model of national harmony and coexistence
  • Al-Issa also met with Speaker of the Russian Parliament last month

MOSCOW: The Secretary-General of the Muslim World League (MWL) Sheikh Dr. Mohammed bin Abdul Karim Al-Issa held a meeting with the president of the Russian People’s Council, Sergei Ordzhonikidze, and other council members, where they discussed issues of common interest.

They looked into means of boosting cooperation between Russia and the Muslim world, supporting positive national integration programs and countering extremist speeches and Islamophobia.

Al-Issa lauded the Russian model of national harmony and coexistence, while Ordzhonikidze presented Al-Issa with a copy of the council’s yearly report.

At the meeting the two parties signed a memorandum of understanding (MoU) to share their experiences in the fight against extremist ideologies, the promotion of interreligious dialogue and coexistence and the implementation of joint projects to achieve shared goals. They also stressed the pure and peaceful values of Islam and rejected all forms of extremism and Islamophobia.

The meeting was attended by the Russian deputy chairman of the Committee for the Development of Agriculture, Aygun Memedov, the chairman of the Committee on the Normalization of Relations Between Nationalities and Religions, Sheikh Albert Karganov, the Mufti of Moscow and the Khanti-Mansisk Region in Siberia Sheikh Tahir Samatov.

Last month, Al-Issa met with Speaker of the Russian Parliament Vyacheslav Volodin. They discussed subjects related to promoting and supporting dialogue among followers of different religions and civilizations, activating cultural contacts and exchanges between the Muslim world and Russia.

Al-Issa signed a cooperation agreement between the MWL and Moscow’s Fund for Islamic Culture, Science and Education. The agreement focused on tackling extremism and promoting tolerance. The agreement stressed the need for cooperation in the fight against extremism, intolerance, aggression and hostility among religions, races and ideologies that could lead to terrorism.

Both parties agreed to exchange information on the activities of scientific centers, cultural forums and websites.